May 14, 2012

Stock Market Outlook: We Can Have a Bigger Selloff

We could have a bigger selloff. There’s a lot of reasons for the market to go down. QE3 is coming, so I think that ultimately puts a floor under the market. I wouldn’t be surprised to see stocks selloff from current levels, but I don’t think the market is going to crash. - in a recent video interview 

Related, SPDR SP 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), PowerShares QQQ Trust (QQQ)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.